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Property profile & analytics
FOR LEASE
Office buildings

101 State St Schenectady, NY 12305

5,388 SF 0.07 ac lot Built 1981
Entity Owned 3-yr Hold Absentee Owner Free & Clear
Property ID
US63-0178608
Property summary
AI-generated overview

This exceptional property at 101 State Street in Schenectady, NY, presents a unique opportunity. Built in 1760, this two-story building boasts 5,388 square feet of vacant space, perfect for a single tenant seeking a distinctive location. The building's rich history and architectural character are undeniable assets, offering a unique ambiance for any business. With a 9-foot ceiling height, the space is versatile and adaptable to various office or retail configurations. The 0.07-acre lot provides ample space for outdoor activities or signage. The property is zoned for commercial use (05-Commercial) and is conveniently located on State Street, at the edge of the Historic Stockade district and across from new developments and SUNY Schenectady. While there is no on-site parking, the central location offers easy access to public transportation and other amenities. The building features no elevators. The APN is 39.71-2-27, and the Schenectady County location provides access to a vibrant community and strong local economy. This is a rare chance to own a piece of Schenectady's history and establish a thriving business in a highly visible and desirable location. The property is ready for immediate occupancy.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1981
Total area 5,388 SF
Lot 0.07 ac (2,969 SF)
Zoning code 05 - COMMERCIAL
APN 421500 39.71-2-27
UPID US63-0178608
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Frank J. Salamone, PsyD Physician Medical Clinic
  • Dana Corbett, Ph.D. Physician Medical Clinic
  • Preferred Coverage Insurance Insurance Agency
  • Britton L. Schnurr, PSYD Physician Medical Clinic
  • Nina Saponara Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
101 State Partners LLC · 3 yrs held
101 State Partners LLC
since 2023
4 recorded transactions
2023
$250,000
2018
$90,000
2004
$130,000
1969
Price N/A
Zoning & alternative use
05 - COMMERCIAL · Schenectady, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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